Wednesday, January 18, 2017

InsideSales Raises $50M In New Funding

Provo, Utah-based InsideSales, one of the unicorns on Utah's "Silicon Slopes", announced this morning that it has raised $50M in a new growth equity round of funding. The funding was led by Polaris Partners, and also included Microsoft, the Irish Strategic Investment Fund, and others. Existing investors Kleiner Perkins Caufield Byers, Hummer Winblad, U.S. Venture Partners, Epic Ventures, and Zetta Venture Partners also participated. InsideSales says it has now raised over $250M in funding in total. InsideSales said the round will go towards European expansion and also help deepen its relationships with Microsoft and Microsoft Dynamics. Dave Elkington is CEO of InsideSales, which develops predictive sales communications, engagement tracking, forecasting, and related software. More information »